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Practical Work 2 - Costs and Prices
Practical Work 2 - Costs and Prices
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1. A cycle was bought for $ 1225 and sold at a gain of $ 100. Find the
Selling Price of the cycle.
4. A boom seller sold 50 books for $ 890.00 and earned a profit of $ 90.00.
Find the Cost Price of 50 books.
5. Sam bought 100 bars of shop. He sold then all at a rate of $ 6.20 each
and made a profit of $ 50. At what rate did he buy them?
(i) If the Cost Price of an article is greater than the Selling Price, we have a
_________.
7. Ron bought a cycle for $ 800 and sold it at a loss of $ 160. What is his
selling price?
8. Jack bought a car for $ 50,000. He spent $ 5000 on repairs. He sold the
car at a profit of $ 5000. At what price did he sell the car?
9. Derek bought cloth for $ 800. He spent $ 200 for stitching a shirt. He
sold the shirt for $ 1175. Find the profit.
10. The cost of a cycle is $ 950 and that of a scooter is $ 23,500. He sold
them together for $ 25,000. Find his profit.